On 13 March, Wednesday, at 11 AM BeBeez and illimity Bank will discuss about Structured Finance for the growth of Italian mid-caps at Four Seasons’ Hotel Milano, Via del Gesù 4/6 Click here for booking a place. On 20 November 2024, BeBeez discussed about Structured finance instruments for relaunching mid-caps (se here the video of the event, BeBeez Magazine and a previous post by BeBeez).
In 2024, Fenice, the company of Italian global influencer and fashion entrepreneur Chiara Ferragni, posted sales of 2 million euros (14.2 million in 2022) and cumulative losses of 10 million in 2023 and 2024 (see here a previous post by BeBeez). As BeBeez previously reported, the company’s ceo Claudio Roberto Calabi is mulling for a capital increase for allowing new investors to pour resources. Fenice main owners are Paolo Barletta (40%) and Ferragni (32.5%). However, press reports say that Paolo Morgese (27.5%) could try to block the capital increase and change the company’s executive leadership.
Agcm, the Italian Antitrust authority, gave its greenlight for the public offer that Milan-listed Banca Ifis, a firm of which the Fürstenberg Family is the main shareholder, launched on public competitor illimity Bank (see here a previous post by BeBeez). The bidder aims to delist and incorporate the target for a cash and paper offer worth a total of up to 298.5 million euros. Milan-listed illimity had to carry on a write off of a 2024 securitization for legal issues (see here a previous post by BeBeez). After a 53.5 million adjustment, the bank’s 2024 loss amounted to 38.4 million.
Arrow Global Group Limited appointed Enrico Sanna as ceo Platforms (see here a previous post by BeBeez). Sanna previously worked for Deutsche Bank as Global Head of Operating Assets. The manager also received the support of Brockton Capital for co-founding FORA, a provider of temporary working spaces that in 2022 merged with The Office Group, a portfolio company of Blackstone. Sanna will report to Zach Lewy, the founder, ceo and cio of Arrow.
